Market research Future Diesel Generator Market_PDF. | Seite 4

South America & Africa Diesel Generator Market industry - Forecast to 2023
Market Research Analysis: -
Colombia is hugely investing in developing hybrid renewable energy system so to fulfill the growing
demand for electricity. According to World Bank, the national electrification rate of Columbia in 2016 was
98% with about 90% rural electrification rate, also industrial sector contributed 34.00% of the total GDP.
It was also observed that about 53.3% of firms experienced electrical outages, in 2016 with about 10.8%
of firms owing or sharing a generator. The current scenario in the states of Colombia is the growing demand
for electricity, which can be fulfilled through a hybrid renewable energy systems.
Nigeria is one of the biggest economies in Africa, with a GDP of 405,082.7 million USD, in 2016.
However, Nigeria’s growth is harshly constrained by an inadequate supply of reliable electricity. According
to World Bank, the national electrification rate of Nigeria in 2016 was 45% with 36% rural electrification
rate. Also industrial sector contributed 19.4% of the total GDP. It was also noticed that about 77.6% of
firms experienced electrical outages, in 2016, with about 70.7% of firms owing or sharing a generator.
Nigeria is currently receiving heavy aid & investment for the development of hybrid renewable energy
systems and micro-grids. It has been forecast that diesel generator market in Nigeria will witness a
substantial growth in forecast period.
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